The ACA Employer Mandate can be quite costly for large businesses who fail to comply with the regulations. For example, if a company with 10,000 full-time employees in 2015 does not offer coverage to at least 7,000 of their full-time employees and their dependents (9,500 in 2016), and at least one of the full-time employees receives a premium tax credit to help pay for coverage on a Marketplace, the company could be assessed a penalty of $20 million dollars!!
When you think of the Affordable Care Act and its requirements, do you cringe? You aren’t alone. The ACA Employer Mandate has so many confusing nuances and requirements that even the most savvy compliance and HR managers can walk away with a dizzy head.